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ABSTRACT
Nowadays, along with rapidly plan, construct and operate of urban rail transit, it
effectively improves urban traffic accessibility and reduces travel costs; bring the
great convenience of residents travel along. At the same time, the construction and
operation of urban rail transit bring huge economic benefits for district along the rail ,
the urban rail transit site can effectively increase the surrounding traffic, promote
business prosperity. In addition, the urban rail transit plays an important role in the
process of urbanization development in our country.
The rapid development of urban rail transit brings the direct or indirect impact
on the market price of real estate near the rail transit site, which become the research
hotspot by the domestic and foreign scholars, especially the subway research. The
thesis firstly reviews the current status of urban rail transit and surrounding real
estate value, proposes the research purpose, research significance and research
framework. Then illustrate the relevant theory and effect mechanism of urban rail
transit and real estate value. Secondly, the article introduce research methods of
Hedonic characteristics price model which applied in urban rail transit and the
influence of surrounding real estate value, and process deformation extension for
existing Hedonic price model, considering on the impact of rail transit on
surrounding property values directly, urban rail tr
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